Real Estate Investing in Zanesville, Indiana (46799)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46799 (Zanesville, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Zanesville, IN (46799)?
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Market Analysis: 46799 Zanesville
Not every below-median market is a bargain. Zanesville's 46799 ZIP shows signals that favor experienced operators who can absorb the risk $213K pricing implies.
Rent of $954/mo on a $213K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 46799 sits below the stated 0.0% once reality is priced in.
Regionally, 46799 sits on the difficult end of the IN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 46799 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 46799 is an operator game, not a passive one. Stepping back, entry prices of $213K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Zanesville:
Market Trends
Home Value History (with trend line)
📊 How Does 46799 Compare?
| Metric | 46799 | Zanesville | Bluffton, IN | Indiana |
|---|---|---|---|---|
| Home Value | $212,585 | $212,585 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46799 (Zanesville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,585 |
| Monthly Rent | $954 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46799
Population: 455
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does house hacking make sense in Zanesville, IN?
House hacking works a challenging in Zanesville, IN. Rents of $954/mo against $213K acquisition make the strategy solid for owner-occupants.
What kind of tenants rent in Zanesville, IN?
Tenant quality in Zanesville, IN ranks as solid. Landlords generally report reliable occupancy at market rents of $954/mo.
Are landlord laws favorable in Zanesville, IN?
Zanesville, IN operates under IN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is vacancy a concern in Zanesville, IN?
Rental vacancy in Zanesville, IN is elevated. Investors should budget normal turnover but not chronic empty units.
How strong are rents in Zanesville, IN?
Investors in Zanesville, IN typically see rents near $954/mo per month against $213K home values - a solid setup for rental cash flow.
You know 46799 now. You don’t know where it ranks.
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